Gst querry

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NAMRATA JHANWAR (Querist)
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24 August 2016 Kindly advice me on below questions
1) What will be the impact on State subsidies available to SME,MSME & large sized companies? Is it to be continued as the same manner?
2) Is transportation services covered in GST? Suggest exemption also.
3) Can input credit be availed on Input services related building construction?
4) Impact on cash Flow?
5) Kindly give example of import purchases.
6) What about Reverse charge service mechanism?

Amol S Joglekar

Amol S Joglekar (Expert)
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24 August 2016 01. Transitional provision shall come into play for all such matters.
02. Yes...it will come under reverse charge
03. need to wait for notifications for construction services.
04. likely to be favourable in some cases, or adverse in some cases
05. import is to be construed as per the territory
06. reverse charge would be very much there